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Transactional FX
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OverviewHow Transactional FX worksSupported regions and currenciesFunding and settlement models
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Funding and settlement models

Depending on the jurisdiction in which you operate, and the types of accounts you have with us, your Airwallex account will be assigned to either a pre-funding or a post-funding workflow.

Your funding mode will dictate the timing of when you fund Airwallex and when Airwallex will settle your conversions. If you are unsure of which funding mode you have been assigned, please contact your customer support representative, who would be happy to assist.

Pre-funding workflow

Prior to booking any conversion or payout, clients assigned to pre-funding mode must first top-up their Airwallex Wallet. The funds required for a conversion or payout are deducted from the relevant wallet balance and cannot exceed your available funds in the currency you are converting or paying out from.

Pre-funding workflow

Post-funding workflow

Clients assigned to post-funding mode are permitted to book conversions and payouts without sufficient funds available in their wallet. These accounts will have a limit assigned to them, which will be the upper limit of unfunded transactions you can have open with Airwallex at any one time. For same-day conversions, we will fallback to your available balance in the sell currency if you have insufficient open position limit for the conversion.

Post-funding workflow

Settlement timing

When booking a conversion or payout with Airwallex, you will have the option to select the desired date for each transaction to settle. This “conversion date”, along with your funding mode, will determine when funds will be settled to and from your wallet.

If you do not select a date, you will be assigned a “default date”. For clients in pre-funding mode, the default date will always be same-day, for immediate settlement. For clients in post-funding mode, the default date will depend on your available wallet balance in currency you are converting or paying out from at the time of booking. If funds are sufficient, the conversion date will default to same-day, immediate settlement. If funds are insufficient, the default date will return the next valid business day, accounting for any holidays in the currency you are funding Airwallex with.

Value DateSell Currency (Pre-funding)Buy Currency (Pre-funding)Sell Currency (Post-funding)Buy Currency (Post-funding)
Same-dayImmediately deductedImmediately fundedImmediately deductedImmediately funded
Future-datedImmediately deductedFunded at 9am on the conversion dateDeducted at 9am on the conversion dateFunded upon deduction

For clients in post-funding mode, if the wallet balance is insufficient on the conversion date, the Airwallex team will contact and notify clients regarding the overdue balance. This may incur a fee to cover the cost of processing the overdue transaction. We will settle conversions on a first-in first-out basis based on the conversion with the earliest conversion_date and sufficient balance, and then the earliest created_at. We will retry settlement every 30 minutes as batch.

The Airwallex location that you are onboarded with will determine your account time zone. We use the IANA Time Zone Database (TZDB) . Each Airwallex location has been assigned the following time zones:

AWX EntityTime ZoneUTC (STD/DST)
AWX NZPacific/AucklandUTC +12/+13
AWX AUAustralia/MelbourneUTC +10/+11
AWX HKAsia/Hong KongUTC +8
AWX SGAsia/SingaporeUTC +8
AWX MYAsia/Kuala LumpurUTC +8
AWX NLEurope/AmsterdamUTC +1/+2
AWX LTEurope/VilniusUTC +2/+3
AWX UKEurope/LondonUTC +0/+1
AWX JPAsia/TokyoUTC +9
AWX CAAmerica/TorontoUTC -5/-4
AWX USAmerica/Los AngelesUTC -8/-7
On this page
  • Pre-funding workflow
  • Post-funding workflow
  • Settlement timing